Egypt rejects foreign ownership of airports, emphasizes development plans
The Egyptian government has clarified the rumors surrounding the sale of a number of Egyptian airports. Recent reports suggested that Egypt was considering offering the management and operation of its airports to foreign investors. Egyptian Minister of Civil Aviation, Mohamed Manar Enany, stated that all Egyptian airports are not for sale. They are fully owned … The post Egypt rejects foreign ownership of airports, emphasizes development plans appeared first on Egypt Independent.
The Egyptian government has clarified the rumors surrounding the sale of a number of Egyptian airports. Recent reports suggested that Egypt was considering offering the management and operation of its airports to foreign investors.
Egyptian Minister of Civil Aviation, Mohamed Manar Enany, stated that all Egyptian airports are not for sale. They are fully owned by the state and are subject to Egyptian sovereignty. He clarified that management and operation do not equate to selling but rather involve managing the commercial activities within the airports.
The Egyptian minister explained that the country is implementing a comprehensive strategy focused on several key axes, including developing and upgrading Egyptian airports and increasing their capacity in accordance with international standards to improve the level of services provided to passengers.
The Egyptian Minister of Civil Aviation said, “We are on the verge of a new phase that aligns with the Egyptian state’s orientation towards enhancing the participation of the private sector in all fields, including the civil aviation sector.”
The Egyptian minister confirmed that the construction of Ras El Hekma Airport is one of the most important investment and development projects in the region.
It is a pivotal step in establishing Ras El Hekma as a new leading global destination that will extend over 44 kilometers of the Mediterranean coast. It is a unique integrated city, as the project aims to develop a city with an area of 170 million square meters, or more than 40,600 acres.
He explained that Ras El Hekma is aimed to be a world-class city that will attract no less than 8 million additional tourists to Egypt upon the completion of this giant city.
An international airport will be built south of the city to contribute to enhancing the economic development that this new tourist area will witness. The airport will also attract many promising investment opportunities that will contribute to stimulating the tourism sector
The post Egypt rejects foreign ownership of airports, emphasizes development plans appeared first on Egypt Independent.
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